Tezos [XTZ] may have put itself and its native cryptocurrency, XTZ, in a problematic situation as per recent events. On 25 August, a group of contributors on its network (Baking Bad) accused crypto exchange Binance of freezing over $1 million of its assets without following due process. Furthermore, the authors advised the Tezos community, whoContinue reading “XTZ plunges after Binance ‘receipt’ proves Tezos is the bad apple. What’s next?”

Binance, the world’s largest crypto exchange by daily volume, confirmed on Twitter that it had restricted an account that held more than $1 million at the time. The following tweet was in response to allegations by the account holder who goes by ‘TezosBakingBad’ on twitter. The account in question was restricted as the result ofContinue reading “Binance restricts account with more than $1 million upon “law enforcement” request”

The last and final Bellatrix upgrade was pushed earlier this week, as we approach the date of the Ethereum [ETH] Merge. With the Merge putting an end to the ETH mining community, miners are searching for other alternatives to stay in the business.  Ethereum Classic [ETC], which works on a Proof-of-Work consensus mechanism, witnessed aContinue reading “Is Ethereum Classic [ETC] the next safe haven for ETH miners? Here’s speculating”

Bitcoin [BTC] hashrate reached a new milestone — a point it has found difficult to attain since 8 June. According to CoinWarz, the BTC hashrate hit new highs in over two months. The hashrate, which provides details of the computational power used to effect BTC transactions, was 248.61 exahash per second (EH/s) as of 26Continue reading “Bitcoin [BTC] hashrate, block difficulty, hit landmarks but what do miners get?”

Cardano [ADA]’s price movement had been towards the negative side as the seven-day chart was painted mostly red. After the recent plunge in its price, ADA showed resistance at the $0.4694 mark. However, the recent developments regarding the much-awaited Vasil hard fork somewhat changed the scenario. The developments helped ADA break its resistance as ofContinue reading “Cardano [ADA]: A lot of hype around Vasil, but where’s the cigar”

Metaverse-driven blockchain, FLOW is in its elements again. As a matter of course, it’s not taking the crypto market by storm with an unrivaled rally. Nevertheless, the network seems to be focused on providing more options for its users who access its decentralized infrastructure. In achieving its objective, FLOW added some integrations to its recentlyContinue reading “Flow: Here’s why short-term traders may not be elated about this price FLOW”

Lending protocol, Compound [COMP], seems to be perturbed by the project’s inability to catch up with its peers in the Decentralized Finance (DeFi) space. This distress could have been a factor that led the cryptocurrency to proffer an upgrade for its community. Compound Labs, the organization behind the cryptocurrency, announced via its Twitter page. TheContinue reading “Compound [COMP]: Could this upgrade curb persistent stagnancy”

Bitcoin [BTC] has returned to its undervalued region. That was the position made by CryptoQuant, the on-chain data platform. But how exactly is BTC in an underappreciated zone when its price has remained above $20,000?  Although the overall weekly performance has not been impressive, BTC has held to its consolidation between $20,900 and $21,800. TheseContinue reading “Bitcoin: Should investors dance to the ‘load your bags’ rhythm”

According to Bloomberg report, Singapore is tightening up its surveillance of cryptocurrency-related businesses. The country is adopting these measures in light of the upcoming legislative reforms. According to the anonymous source, the Monetary Authority of Singapore (MAS) has sent a questionnaire to select applicants and holders of its digital-payments licenses. The regulatory body wishes toContinue reading “Singapore is getting serious with crypto scrutiny- Here’s how”

Cryptocurrency exchange Zipmex has requested meetings with the Securities Exchange Commission (SEC) and other concerned authorities in Thailand, Bloomberg reported. Potential investors are also expected to attend these meetings as the exchange begins to execute a fund-raising plan. Zipmex runs its operations in four countries: Singapore, Thailand, Indonesia, and Australia. The troubled cryptocurrency exchange hadContinue reading “Zipmex requests meetings with Thai Authorities, investors to discuss…”

The Ethereum [ETH] Merge scheduled for next month is arguably the hottest topic in the crypto industry right now. Investors, institutions, and even regulators are expected to keep a close eye on ETH. This is due to the expected transition to the energy-efficient proof-of-stake (PoS) model. Exchanges gearing up Crypto exchanges including Coinbase, Binance, Uniswap,Continue reading “As exchanges gear up for Merge, is there a new token on the way”

Terra Classic [LUNC] recently stole the limelight from several cryptocurrencies after sitting on the backbench for a couple of months. The crypto’s value surged over the last few hours by nearly 20%, making it one of the most discussed coins on 26 August. At the time of writing, LUNC was trading at $0.00011816 with aContinue reading “Terra Classic holders would be happiest to know about this upgrade”